It’s time to check in on our debt payments and savings goals again.
It’s been almost a month since President Obama spoke about improving college education opportunities during his State of the Union address, and now we have a new development: on March 10, the White House released a Fact Sheet on the new Student Aid Bill of Rights: Taking Action to Ensure Strong Consumer Protections for Student Loan Borrowers.
“‘In reality, many of us will never come close to paying off these debts.’”
As the twentieth century draws to a close, I find myself the father of three boys under five.
The youngest is born under circumstances that seem positively routine compared with our first outing. When I return to hospital six hours after the birth, my wife is dressed and ready to go, the baby packed up like hand luggage.
Various states — at least 22 of them, currently — have decided to put the fear of god in their young workers. Jobs With Justice explains:
In Alaska, California, Florida, Georgia, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Massachusetts, Minnesota, Mississippi, Montana, New Jersey, North Dakota, Oklahoma, Tennessee, Texas, Virginia and Washington, nurses and health-care professionals can all be locked out from their job if they fall into default on their student loans.
In Georgia, Hawaii, Iowa, Louisiana, Massachusetts, Montana, New Jersey, North Dakota, Oklahoma and Tennessee, laws prevent K–12 teachers from working until they begin to repay their student loans. …
These state laws target a wide range of professions, including attorneys, physicians and therapists – even barbers make the list. But two professions show up over and over again: nurses and teachers.
Both professions serve a critical role in our communities and are often wildly underpaid. Are we really in a position to be punishing the people we need the most?
That is what you might call a rhetorical question.
Pull up those balances!